Understanding the Parallel Foreign Exchange Market in Nigeria
Opeyemi Quadri A parallel market in foreign exchange (FX) refers to an unofficial marketplace where currencies such...
September 2024
What is a Virtual Card and How Does it Work?
A virtual card is a digital version of a bank card that you can use...
What Are Segregated Funds and Why Should You Care?
You’ve probably heard of investments like mutual funds or stocks, but have you ever heard...
Starlink forced Safaricom to improve services – Kenyan President Ruto
Kenyan President William Ruto disclosed that bringing Elon Musk’s Starlink to his country was one...
Preparing for the Future is Never Easy: 5 Things You May Not Know You Need
Getting ready for the future can seem like an impossible chore in a society marked...
What Customer Identity Verification Do I Need to Open a Bank Account?
Every licenced financial institution makes an effort to know who their customers are. This process...
Know Your Customer (KYC): Why It’s Important and How It Works
When you walk into a bank to open an account, one of the first things...
Interest Income: Meaning and Its Sources
Interest income is the money you earn from keeping your savings or investments in a...
How Joint Account Works
A joint account is a bank account that is shared by two or more people,...
How Does Instant Transfer Work?
An instant transfer is a quick and easy way to send money between people or...
Insufficient Funds: Meaning and Example
“Insufficient funds” is a message you see on an ATM or in your online banking...
Banking Mobility and How It Works
Banking mobility is a service that makes it easy for people to switch from one...
How International Students Can Get a Driving License In The United States
Editorial Staff If you’re planning to move to the U.S. and want to drive, getting a U.S....
What is Real ID and Why Do You Need It?
Starting May 7, 2025, if you live in the United States, you will need a...
SpaceX Launches Starlink in First Arab Country (Yemen)
SpaceX has announced the launching of Starlink in Yemen, making it the first Arab country...